Woes for the man-made fibre (MMF) industry have been piling up, with the proverbial last straw being the dumping of cheap fabrics in the last one year amounting to $850 million by countries including three major Asian nations ´ China, Taiwan and Korea.
Browsing: Make in India
US-based home textile company Nextt, which is as a key supplier to big retailers such as Walmart, Target, Kohl´s, Dillard´s, etc., may soon introduce its popular brands to Indian market, according to its CEO Arun Agarwal who has been in India to explore what he says ´Make in India´ possibilities.
Union Minister of State for Textiles Santosh Gangwar said the national textile policy will be finalized soon and it is likely to be ready by the month of April. Speaking to Indian Textile Journal, Gangwar said, ?The national textile policy will be finalised soon. May be at the end of April.?
The new government is on the right path with ´Make in India´, but I just hope that the idea is carried forward with concrete steps in the upcoming budget. The budget should boost the domestic SME´s and encourage their growth.
Danfoss India, a leading provider of climate and energy solutions, inaugurated its First Advanced Drives Laboratory set up at the premier Vellore Institute of Technology (VIT) as a part of its Industry Academia initiative to boost skilling in the manufacturing sector.
Since the government has included textile and textile equipment manufacturers under the ´Make In India´ programme, there were high expectations for help from the budget for achieving its high potential for increasing industrial production, generating additional employment and improving export earnings. Budget brings no cheer to either of the industry.
The Hon?ble Minister was apprised that while Textile Industry was expecting a strong focus from the Government, however, there was no mention of it and nothing was done in the Budget to improve the health of the Textile sector.